This summer, the worst U.S. drought in 56 years pushed grains prices to record highs. Prices of commodities such as corn and soybeans surged to all-time records as crop yields were decimated amid the unseasonably dry weather.
While the current surge in grains prices will stimulate farmers to boost production for the coming year, the grains supply shortages — which drive surges in grains prices — could become routine because of the projected increase in the global population and an expected deterioration in global weather conditions………………………………………..Full Article: Source